5079102022-04-012022-06-305079102022-04-012022-06-30in-bse-fin:OtherExpenses1Memberiso4217:INRiso4217:INRxbrli:shares

507910

FIBERWEB

INE296C01020

FIBERWEB (INDIA) LIMITED

Equity

2022-04-01

2023-03-31

2022-08-12

2022-08-01

INR

Lakhs

First quarter

Single segment

Polymer Processing

2022-08-12

17:30:00

2022-08-12

18:02:00

Not applicable

2022-04-01

2022-06-30

Unaudited

Consolidated

168042000

6461000

174503000

75428000

25704600

9639000

585600

5476000

34710800

151544000

22959000

5970000

16989000

287917000

0.59

Notes: 1. The above statement of Standalone unaudited financial result was reviewed by the audit committee and approved at the Board Meeting held on 12.08.2022. The Statutory Auditors have carried out Limited Review of the Unaudited Financial Results for the quarter ended 30.06.2022. 2. The Company is primarily engaged in manufacturing of “Polymer Processing” and other activities are revolving around the same. As such, there is no separate reportable operating segment as defined by Ind AS 108- “Operating Segments”. 3. The above results are in compliance with Indian Accounting Standards (IND AS) notified by the Ministry of Corporate Affairs. 4. The Consolidated results include the financial results of wholly owned (100%) subsidiary in RAS AL KHAIMAH free trade zone, U.A.E. from where we conduct exports to USA of nonwoven material purchased from China. On account of imposition of stiff tarrifs by USA on imports from China, it is no longer commercially feasible for our customers in US to import such material; hence, the subsidiary has had no Purchase-Sale activity from 1st October, 2018. 5. As we all are aware that the shipping companies had increased the freight rates disproportionately, which have affected the entire Logistics Chain of all Export Oriented Companies. We being 100% EOU, are also adversely affected. The situation is expected to remain the same for the next one or two quarters or even more. Therefore, to mitigate the impact of the current situation since past more than three months. We have started exploring avenues for production of multi-processed value added customised products which can help us in realising better profit margins. 6. Our transition towards the Value Added Customised Products seems to have started giving positive results, that will add a lot of value in the coming quarters. 7. The provision for Income tax is made at prevailing income tax rate, after adjustments. 8. The figures for the corresponding previous quarter have been regrouped / reclassified wherever necessary.

Other Expenses

34710800